Key Points
- Bybit has launched a dual asset product featuring Bitcoin and Ethereum.
- The Dubai-based crypto exchange also initiated a block trading challenge for P2P traders.
Crypto exchange Bybit, based in Dubai, has introduced a new dual asset product. It includes the leading cryptocurrencies, Bitcoin and Ethereum.
This product allows users to profit simply by holding these cryptocurrencies. There is no need for them to convert these assets into stablecoins like USDT.
Seamless Management of Investments
Bybit’s ETH-BTC Dual Asset Product provides an easy way for crypto holders to manage their investments in these two assets. It also enables them to benefit from their long-term price appreciation.
Users can trade their ETH against their BTC holdings, and vice versa. This allows them to maximize the profits from both assets.
Joan Han, Sales & Marketing Director of Bybit, commented on this development. She said that this product is a revolutionary step for their users. It provides a seamless way for crypto holders to enhance their profits by utilizing the value movements of BTC and ETH.
The ETH-BTC pair offers users a unique opportunity to earn more of both assets. By retaining their current BTC and ETH holdings, users can further capitalize on price fluctuations between the two assets. This optimizes their investments.
The Dual Asset product is more suitable for crypto investors who prefer to hold major cryptocurrencies. These investors seek returns without the need to convert to USDT.
Block Trading Challenge for P2P Traders
In addition to the dual asset product, Bybit has also launched a block trading challenge for P2P traders. This challenge will continue until August 30.
During the campaign, traders need to complete the assigned Block Trading transactions. Successful participants can earn a 200 USDT P2P coupon, enter a lucky draw for a chance to win up to 1,000 USDT, or secure a top position on the leaderboard to receive exclusive USDT prizes.
Bybit is currently the world’s second-largest crypto exchange by trading volumes. It serves more than 37 million users globally. Earlier this week, the crypto exchange hit a major milestone of $107 billion in daily trading volumes. This was four times the average daily trading volumes recorded by the exchange.
This surge in trading volume has been driven by high activity across various products. These include perpetuals, futures, spot, and options. Bybit attributes this growth to its robust platform infrastructure and commitment to delivering an exceptional trading experience.
